Michael Saylor: Bitcoin tried to monetize the scarcity of numbers and reshape wealth storage and value transfer

On August 15, the Strategy founder, Michael Saylor, stated that Bitcoin had integrated computers, digital networks and cryptography, building the first digitally designed monetary network in human history. It completely dematerializes monetary assets, and supplies are controlled by open agreements rather than decision-making, transforming economic values into information that can be safely transmitted in global communication networks. Bitcoin is more difficult to grow than gold, more easily integrated with software, faster transmission, and each participant has the power to maintain network security. The Workload Certification Mechanism anchors it in the physical world in exchange for the security of the books by consuming real energy, making it costly to tamper with history and attracting miners, energy dealers and investors to work together to build a defence system. Bitcoin is digital gold, but it is more appropriate to understand it as digital currency energy. Bitcoin is not static software, but a self-adaptation system made up of miners, nodes, developers, capital and users. Bitcoin deliberately kept its functionality simple and focused on maintaining a secure and reliable accounting book of scarce digital assets, leaving complexity to the upper levels of application. This tiered design of bottom integrity and functionality enables it both to serve as a basis for the transfer of monetary energy across time and space and to underpin continuous innovation in payments, credit and financial services. The far-reaching effect is that bitcoin creates a new type of digital sovereignty: private keys give individuals the ability to control economic energy without a permit, and ownership is validated by mathematics rather than institutions. Companies, banks, trusts and applications can build a complete economic system around it, and social networks can introduce real costs and responsibilities for digital space. Gold monetizes physical scarcity, while bitcoin monetizes digital scarcity. It is not a simple payment tool, but an engineering solution for humans on energy conservation and guidance — money, energy, bitcoin is the monetary energy of the digital age。